Brendan Conway outlines the Friday trading session, including the price of gold, consumer sentiment and European financials being in focus on Wall Street. Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

... the the ... stock futures are backed up after snapping a forty winning streak yesterday Brendan Conway from Barron's has the false market as always Brendan good morning went well so stock features rock people excited ... people are exciting you know Rolfe me me me me me even that's not the right word I wanna losses that are free ... meaning they're Fried mixing bowl well ... they they are missing and that they're they're afraid missing out is that something is very similar to Greenwich the APUs it pulled last ... couple years ago in a bubble Brendan right here right now I'm I'm I'm a bubble but I would definitely sense of Oh runes is a speak with that the ... big they are afraid of missing out ... ok ... and that critics call ... cushion updated data one of its ok ... aam what are some of the ... reports they were looking for time today in the next week sure yet so ... the want one that you pretty light to light data in terms of data ... on the reason I fifty five years the Reuters University of Michigan ... consumer sentiment survey what were looking for there basically is this the fact that the jobs picture has got a little bit ... better in the space lately ... that's expected to show up there should show boost ... aam also there so the the on on the so-called DC sequester ... you know where he's over that anticipates a ... deadly looking for you know never to see the live writer in a report that okay three ... stocks you're looking at three B industries really ... to be one thing European financials ... yet you know ... those stocks are going bonkers today ... then bipartisan meaning to three percent move ... there is one of the National Bank of Greece it's up by double digits Greece's its own story but what I understand it's in the Reno understand this is that this ultimately traces back at least ... according to the ... news that seemed ... to to a brokerage upgrade report basically saying ... things are getting better in Europe you know there some ... better fundamentals about the company's but also avail the macro picture better me Europe is still in the middle of what ... a recession me your your eyes are ok if the effort is written in Europe is coming on the it's moving to the other side of the recession you have things like things ... even down in value ... there's a lot of leverage in the value that Equi potentially in and that's being realized ... sure sure but ... you know if you take a step back from that sector and if you look at the stock Europe six hundred I mean ... I think that ... they get it is just rising it just keeps rising rising as in the final daily while he is is all that met as the sole system can't let let's move vertical that's the next thing you can attest to that did the losing streak continues ... gold is on track for seventh straight loss today ... and ... you know ... this this again ties back to central bank policy I think ... the on ... the more we talk about tapering the more people certain say you know it is not a lot of inflation ... central bank bond buying new things that has come from people to a safe haven like gold ... on all alot of ppl a speech in anecdotally are moving money out of gold in in the Stock people thought it would ignite inflation and really didn't know let's move over to ... a Rubin networks ... that's another thing that that's getting it today which is on life says Scott which had and I'd ... the Singapore yesterday but that was enough to just get the animal spirits going dry that's up to thirty percent ... Cisco shares are rumors plunging in a move just goes to show you that being the Number two ... Yelp often is not good enough that stock is down I think something like twenty percent this morning ... on the tweet report and Wall Street is basically worried that Cisco is continued its launch with a product that arguably it is not as good ... this is good just as such clouds of that that they can still be the best feeling interesting interesting if you read the herd ... a while ago you have read that you should Short Aruba Networks ... that's that's and that's that ... anyway I skinless climates shameless plug ... thank you Brenda very much for joining us in